Crude Oil is testing the resistance line and looking to make a shot upwards on the weekly. We are also seeing some potential bullish RSI signals indicating a push to the upside with a peak hitting around 130-145 USD and 72-73 on the RSI
We may also enter a recession as a result of a giant parabolic spike in Oil prices as insider traders enter short positions above $128-130.
We may also enter a recession as a result of a giant parabolic spike in Oil prices as insider traders enter short positions above $128-130.